Cummins Announces Engine Production Milestones For Its Rocky Mount And Jamestown Engine Plants While Planning For The Future
Portfolio Pulse from Happy Mohamed
Cummins Inc. (NYSE:CMI) announced the production of its 5 millionth engine at the Rocky Mount Engine Plant (RMEP) and 2.5 millionth engine at the Jamestown Engine Plant (JEP). The company is investing $452 million in the Jamestown facility to produce fuel-agnostic internal combustion engines, aligned with its Destination Zero strategy.
May 22, 2023 | 8:12 pm
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Cummins reaches production milestones at RMEP and JEP, and invests $452 million in Jamestown facility for fuel-agnostic engines.
Cummins' production milestones and investment in fuel-agnostic engines demonstrate the company's commitment to innovation and sustainability. This is likely to have a positive impact on the company's stock price in the short term, as it shows progress towards its Destination Zero strategy and potential for growth in the sustainable energy market.
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